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Next Software Inc. expects to pay no dividends for the next four years. Beginning five years from now, the company is expected to pay a

Next Software Inc. expects to pay no dividends for the next four years. Beginning five years from now, the company is expected to pay a dividend of $2.50, which is expected to increase by 4.00 petent annually. At a discount rate of 10 percent, the value of a share of Next Software's stock today is closest to re.
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